World Business Briefing | Americas: Canada: Telecom Dispute Ends

BCE Inc. will sell its 22 percent stake in Manitoba Telecom Services Inc. after the companies settled a lawsuit and severed commercial ties, heralding increased competition between them. Manitoba Telecom agreed to pay BCE, Canada's biggest phone company, 75 million Canadian dollars ($56 million) as part of the settlement. BCE sued in May, contending that Manitoba Telecom's purchase of Allstream for 1.57 billion Canadian dollars violated agreements between it and Manitoba.